This information should not be misinterpreted as an endorsement to buy, trade or sell a cryptocurrency or any specific product or service. The opinions expressed in this blog do not constitute investment advice and independent financial advice should be sought where appropriate. Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide.
Tokenexus is a perfect platform for users who want to buy Bitcoin instantly with ease, But the transaction fees are too high(5.5% – 5.9% approx). Tokenexus review scores down due to high fees, lack of crypto wallet, and no mobile app. Though, Tokenexus gets full stars in case of ease, quick transaction, and customer support. The price stated on the Tokenexus website includes the company’s brokerage fee of 5.9%. The base price is calculated based on TradeBlock’s XBX index. A 5% extra credit card processing is added to the stated price, which means Tokenexus’s price stands at 5.9% above the market rate.
Account holders can buy cryptocurrency on Tokenexus using a Visa virtual card. Apart from the fees levied, they charge an extra 5% for debit and credit card transactions. Verification level 3 can buy up to $7.5k per day with credit card and $30k for deposits with bank transfer.
- Tokenexus offers a very small selection of cryptocurrencies, including Bitcoin , Bitcoin Cash , Ethereum , and Dogecoin .
- The only thing they store are customers’ credit card data but, as we mentioned above, they are stored separately and taken care with best practices in mind.
- What makes Tokenexus attractive to many of its users is the platform’s simplicity and how easy it is to open an account.
- The note should contain the written word “Tokenexus” with the specific date that the photo was taken on.
For this reason, Tokenexus exchange may not be a best choice for professional or serial traders. For those who want to check out similar options, we encourage you to reader our guide ‘An alternative to Tokenexus‘ and compare the different options. Tokenexus allows users to buy and What is Bitcoin sell crypto through its web-based platform and Android mobile app. Users can log in, view crypto holdings, make purchases, and sell Bitcoin if desired. Tokenexus does not offer to trade of crypto, and coins are held in a user’s third-party wallet, not on the Tokenexus platform.
Compare Tokenexus Against Other Exchanges
Standard security features are available on Tokenexus, including two-factor authentication and encrypted servers. Tokenexus also does not store any user crypto assets, and instead, it requires customers to use their own software or hardware wallets. This keeps assets in user custody instead of on a centralized platform. Tokenexus charges fees for buying and selling, plus additional fees depending on the payment method used. Tokenexus fees are based on the TradeBlock XBX list + 2% markup.
- This can include the origin of the transaction, i.e. your credit card data.
- Before you start creating an account, ensure you have a valid government-issued ID on hand and be prepared to create a unique password as well.
- The minimum amount of Bitcoins you can buy is 50 USD or the equivalent in EUR/GBP/AUD/CAD/JPY.
- A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
- You must have a crypto wallet in order to use Tokenexus, ideally a physical or “cold wallet,” which are considered more secure.
- The Tokenexus website is easy to use and provides excellent customer support.
This is convenient as some other exchanges don’t support card payments. It includes a fee of 8.50%, and when you use certain debit cards or credit cards, there is a payment processing fee of 5% added on. Tokenexus provides quality service for those who want to buy Bitcoins instantly using their https://tokenexus.business/ credit card without compromising the user privacy. The exchange provides quick customer service and no hassle during the registration or verification process. This crypto exchange makes buying Bitcoin fractions simple and easy. It is worth noting here that the minimum order amount is $60.
Tokenexus Vs Tokenexus
This also helps us keep your account safe, fight fraud, and more. The process is called verification and is something everyone must go through before buying cryptocurrency anywhere. After submitting your details for verification, we’ll then quickly go over it and make sure everything looks good. The other problem is that this company still bitcoin news uses the absolute slowest network. If your btc address starts with a 1 not only are you going to get slow transactions but slow everyone else down too. Simply choose how much you want to buy, either by fiat or cryptocurrency. Tokenexus sells fractional shares, so you can make purchases as low as $50 on the current spot trading price.
These include account creation, verification for purchase, and placement of the first order. A wide range of payment methods is accepted, and there are locked crypto rates on BTC purchases.
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One can find every single detail there, and the registration process is also straightforward. Traders need to sign on to the Tokenexus website and register by providing basic details like full name, address, phone number, and a valid email ID. Then, they are required to lock their login credentials with a strong password. Ensure that you remember the password every time you log in to the broker website, write it on a piece of paper if necessary, keep it in a safe place, and never share it with anyone. Tokenexus accepts multiple modes of payments, which makes processing easier and faster. Paying through bank transfers, credit cards, or wire transfers helps clients to receive their coins within minutes.
- Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
- Even then, the fees incurred on the orders are dependant on the payment method used.
- Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
- It is a non-custodial broker, meaning that it does not provide digital wallet services.
- Moreover, two factors make Tokenexus stand out from its competitors.
- This can be located under the “Marketing Tools” tab in your Tokenexus account.
Find the option in the ‘Profile and Security’ section when logged in. Compared to other cryptocurrency brokers, Tokenexus is pretty bare-bones—which is what makes it appealing to beginners who might be overwhelmed by too many options.
How Does Tokenexus Work?
It is regulated as a Money Service Business by FinCEN in the United States, meaning that you have to submit personal information in order to engage in transactions. On the other hand, complying with regulators makes Tokenexus a legit and trustworthy crypto broker. Tokenexus has a quick user verification method, cryptocurrency types which takes up to 15 minutes, and you need to upload your passport, national ID, or other suitable documents. Once approved and cleared, you can start making crypto purchases. Buy orders placed with a SWIFT bank transfer must be worth at least USD 1,000, and any amounts below incur a fixed USD 20 fee.
You have to set up your own wallet, which you can find for free or at a low cost through a third-party provider. Like any cryptocurrency company, Tokenexus is required to verify your identity before you can buy and sell on the platform. Many or all of the products here are from our partners that pay us a commission. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed. Rather than a credit card, that’s even better since you’ll save 5% in total fees.
The exchange rate provided by Tokenexus is similar to Tokenexus’s. Some would argue that Tokenexus has an easier KYC process, but I’ve actually experienced it the other way around. For example, Tokenexus is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges.
To represent the data of Tokenexus vs Tokenexus comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. For an instant Tokenexus vs Tokenexus main metric comparison at a glance, take a look at the general overview table below. Please click on the green ‘Go to site’ button above if you wish to be redirected to the official site of Coinmam and process your BTC purchase from there. Tokenexus is currently available in 226 countries worldwide, and also accepts all local currencies. We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The final output produces star ratings from poor to excellent . Tokenexus’s app is available on Android only, but has received fairly good reviews.
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The first step in the process is registering an account, and selecting the value of BTC that will be purchased. Debit cards and/or credit cards can be used to make online payments within minutes. The cash option is also available under the ‘other methods of payment’ tab. https://tokenexus.exchange/ The instructions provide clear guidelines on how to purchase BTC. Once the payment has completed, clients can confirm the BTC wallet address by clicking on the respective link. The coins will immediately be delivered to your wallet once payment has been verified.
You will need an additional wallet app on your machine to use the site. Tokenexus supports all countries, states, and territories not listed below. If you don’t see your home state or country in the table below, you are eligible to buy and sell on Tokenexus.
Is Tokenexus Legit & Regulated?
The verification process typically takes around fifteen minutes and after that, you can buy and sell Bitcoin and other cryptocurrencies on Tokenexus from the comfort of your own home. Tokenexus Review 2022, we cover all the key metrics from fees, mobile apps, user experience, payments, regulation, and more. Gemini serves as a highly regulated cryptocurrency exchange, as well as a wallet and a custodian. As a private exchange, Gemini has grown exponentially in the last couple of years. They do not offer any type of wallet or portfolio services, so you do not need to worry about getting your money out of Tokenexus.
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The Tokenexus mobile app allows users to enable biometric access to further secure the app. Tokenexus does not currently support some of the top cryptocurrencies, such as Solana , Polkadot , Avalanche , or Tether . Tokenexus is a web-based crypto platform with an Android-only mobile app available. Tokenexus stands out when it comes to customer service, with some of the highest reviews on public review sites. Enabling Two-Factor Authentication through a mobile authentication app is a good way to prevent unwanted users from gaining access to your account.
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There are no withdrawal fees when purchasing cryptos on the Tokenexus platform. All cryptos are immediately transferred to the purchaser’s specified wallet upon purchase.